SOURCE: Sino Green Land Corp.

August 14, 2009 07:30 ET

Sino Green Land Corporation Completes $1 Million Private Placement

NEW YORK, NY and GUANGZHOU, CHINA--(Marketwire - August 14, 2009) - Sino Green Land Corporation (OTCBB: SGLA), a leading distributor of high end fruits and vegetables in China, today announced that it completed a private placement with a group of institutional investors, led by T Squared Investments LLC ("T Squared Partners"), in the upfront amount of $1 million, along with additional investment rights and warrants to invest another $4.9 million into the company for growth capital purposes.

Mr. Anson Fong, Chairman of Sino Green Land, commented, "Since founding the company in 2003, we have experienced exceptional growth due to our highly scalable business model. In the last year alone, we achieved sales growth of over 70%, with revenue of $73.6 million and net income of $4.6 million for the twelve months ended December 31, 2008. We have established ourselves as a leading distributor of high end fruits and vegetables in China through our unique relationship with China's Ministry of Agriculture and local municipal governments, which has allowed us to enter into favorable long-term cooperation agreements with local farmers. We provide these farmers with tools to increase their productivity, including higher margin crops and technologies to increase their yield. In turn, these long-term cooperation agreements with local farmers throughout China provide us a steady supply of fruits and vegetables at stable prices. As a result, we have built a sustainable and high margin distribution model. We appreciate the support of T Squared and the other investors in this financing, as it provides us expansion capital to accelerate our growth plans."

Mark Jensen, Co-Founder and Portfolio Manager of T Squared Partners, stated, "In considering our investment, we conducted extensive due diligence and are extremely impressed with the company's operations in China. Since its founding in 2003, Sino Green Land has demonstrated a consistent track record of growth and increasing profitability. Sino Green Land has a unique opportunity to become one of the largest distributors of higher margin fruits and vegetables in China and we are pleased to support their efforts with this infusion of growth capital."

Complete details of the private placement transaction are available on the company's form 8-K filed with the Securities Exchange Commission on August 13, 2009. The securities sold in the private placement have not yet been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States in the absence of an effective registration statement or exemption from registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

About Sino Green Land Corporation

Sino Green Land Corporation is a leading agricultural distributor of high end fruits and vegetables in the People's Republic of China. Since its inception in 2003, Sino Green Land has grown from a small distributor of various produce to become a large distributor of high end fruits such as: Fuji apples, emperor bananas and tangerine oranges. In the process, Sino Green Land has built a solid reputation, a sophisticated supply chain and a distribution network that stretches from Beijing to Guangzhou.

About T Squared Partners

T Squared Partners is a fundamentally-oriented private investment firm focusing on special situation and value growth oriented micro-cap public and private companies. The Fund's philosophy is to work with companies to enhance their shareholder value through friendly investment structures in addition to providing industry leading strategic advice. T Squared Partners provides its companies with capital for the following objectives: expansion capital, working capital, acquisition capital and restructuring capital.

Safe Harbor Statement

This press release may contain forward-looking statements. Such statements include, among others, those concerning the company's expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to the company's ability to overcome competition in its market; the impact that a downturn or negative changes in the price of the company's products could have on its business and profitability; the company's ability to simultaneously fund the implementation of its business plan and invest in new projects; economic, political, regulator y, legal and foreign exchange risks associated with international expansion; or the loss of key members of the company's senior management; any of the factors and risks mentioned in the "Risk Factors" sections of the Company's amended current report on Form 8-K/A filed on April 24, 2009. The Company assumes no obligation, and does not intend, to update any forward-looking statements, except as required by law.

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